Cooperative Bank Fraud

Prime Minister Narendra Modi spoke to the BJP candidate in Kerala's Alathur Lok Sabha constituency, Prof T N Sarasu, on Tuesday and assured her that strict action would be taken against those involved in the alleged irregularities in the cooperative

Expanding its probe into the alleged Rs 100 crore fraud in the CPI (M)-controlled Karuvannur cooperative bank, the Enforcement Directorate on Monday raided the premises of persons allegedly linked to fraudulent dealings in the case.

The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe.

During investigations, it was found that the server of Cooperative Bank in Hazratganj, Lucknow was hacked, and the money transferred to different accounts in ICICI and HDFC banks.

The Enforcement Directorate (ED) on Wednesday carried out raids at locations linked to the accused in the Rs 300 crore Karuvannur Cooperative bank scam, which triggered a political row in Kerala recently.

A cashier and assistant cashier of the Pondicherry Cooperative Urban Bank here were arrested on Friday for allegedly committing fraud and stealing gold jewels pledged by the customers of the bank to raise loans, police said.

The ED on Friday conducted raids in and around Maharashtra's Pune district in connection with its money laundering probe against a local cooperative bank, promoted by a former NCP MLC, linked to an alleged fraud of Rs 71 crore.

Exactly one year ago, on September 23, 2019, the Reserve Bank of India had superseded the board of the multi-state urban cooperative bank.

Assets worth more than Rs 45 crore have been attached under the anti-money laundering law in connection with a cooperative bank fraud in Karnataka, the Enforcement Directorate (ED) said on Friday.

Nationalist Congress Party (NCP) MLC Anil Bhosale and three others were sent to police custody on Wednesday till March 6 by a Pune court in connection with the alleged Shivajirao Bhosale cooperative bank fraud case.

The Congress on Friday demanded a white paper on the Punjab Maharashtra Cooperative (PMC) Bank scam to ascertain what had happened that led to a crisis in the bank and who were responsible for it.

Nationalist Congress Party leader Supriya Sule today urged the Narendra Modi government to set its "political agenda" aside and step in to help depositors of the Punjab Maharashtra Cooperative Bank, which is being investigated in connection with a Rs 4,355-crore fraud case.

Finance Minister Nirmala Sitharaman said she will speak with the RBI Governor this evening over the distress of depositors of Punjab Maharashtra Co-operative (PMC) Bank. She met a group of angry customers of the cooperative bank in Mumbai this afternoon just before addressing a press conference.

The Enforcement Directorate today raided six locations in Mumbai and adjoining areas and registered a money laundering case to investigate alleged fraud in the Punjab and Maharashtra Cooperative or PMC Bank case, officials said.

Fugitive jeweler Nirav Modi managed to travel through several countries even though information about his passport being cancelled by India was flashed in the Interpol central database on February 24, the CBI said Monday.

Prime Minister Narendra Modi spoke to the BJP candidate in Kerala's Alathur Lok Sabha constituency, Prof T N Sarasu, on Tuesday and assured her that strict action would be taken against those involved in the alleged irregularities in the cooperative

Expanding its probe into the alleged Rs 100 crore fraud in the CPI (M)-controlled Karuvannur cooperative bank, the Enforcement Directorate on Monday raided the premises of persons allegedly linked to fraudulent dealings in the case.

The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe.

During investigations, it was found that the server of Cooperative Bank in Hazratganj, Lucknow was hacked, and the money transferred to different accounts in ICICI and HDFC banks.

The Enforcement Directorate (ED) on Wednesday carried out raids at locations linked to the accused in the Rs 300 crore Karuvannur Cooperative bank scam, which triggered a political row in Kerala recently.

A cashier and assistant cashier of the Pondicherry Cooperative Urban Bank here were arrested on Friday for allegedly committing fraud and stealing gold jewels pledged by the customers of the bank to raise loans, police said.

The ED on Friday conducted raids in and around Maharashtra's Pune district in connection with its money laundering probe against a local cooperative bank, promoted by a former NCP MLC, linked to an alleged fraud of Rs 71 crore.

Exactly one year ago, on September 23, 2019, the Reserve Bank of India had superseded the board of the multi-state urban cooperative bank.

Assets worth more than Rs 45 crore have been attached under the anti-money laundering law in connection with a cooperative bank fraud in Karnataka, the Enforcement Directorate (ED) said on Friday.

Nationalist Congress Party (NCP) MLC Anil Bhosale and three others were sent to police custody on Wednesday till March 6 by a Pune court in connection with the alleged Shivajirao Bhosale cooperative bank fraud case.

The Congress on Friday demanded a white paper on the Punjab Maharashtra Cooperative (PMC) Bank scam to ascertain what had happened that led to a crisis in the bank and who were responsible for it.

Nationalist Congress Party leader Supriya Sule today urged the Narendra Modi government to set its "political agenda" aside and step in to help depositors of the Punjab Maharashtra Cooperative Bank, which is being investigated in connection with a Rs 4,355-crore fraud case.

Finance Minister Nirmala Sitharaman said she will speak with the RBI Governor this evening over the distress of depositors of Punjab Maharashtra Co-operative (PMC) Bank. She met a group of angry customers of the cooperative bank in Mumbai this afternoon just before addressing a press conference.

The Enforcement Directorate today raided six locations in Mumbai and adjoining areas and registered a money laundering case to investigate alleged fraud in the Punjab and Maharashtra Cooperative or PMC Bank case, officials said.

Fugitive jeweler Nirav Modi managed to travel through several countries even though information about his passport being cancelled by India was flashed in the Interpol central database on February 24, the CBI said Monday.